Here’s a reminder of important deadlines for sending information (and money!) to HMRC.
17 May 2013 - Employers’ year end returns (P35 and P14s) due for submission.
31 May 2013 - Employees must be provided with their P60 (certificate of pay and tax deducted).
5 July 2013 – Agreement of PAYE Settlement Agreement (PSA) with HMRC if required for the year ended 5 April 2013.
5 July 2013 - Submission of P11Ds, P9Ds and P11D(b)s for 2012/13 which show details of expenses paid, and benefits provided, to employees and directors. Employees must also be given a copy of their P11D/P9D by this date.
5 July 2013 – Submission of Form 42 and EMI returns for reporting share-related benefits provided to employees.
19 July 2013 (22 for cleared electronic payments) - Class 1A NIC for 2012/13 on most benefits provided to employees must be paid. Postal payment should reach HMRC by this date. Electronic payments need to have been cleared in HMRC’s bank account by the 22nd. Interest runs from this date on late payments.
19 October 2013 (22 for cleared electronic payments) - PAYE settlement agreement liabilities for 2012/13 are due, together with Class 1B NIC. Postal payment should reach HMRC by this date. Electronic Payments need to have been cleared in HMRC’s bank account by the 22nd. Interest runs from this date on late payments.
Don’t leave P11D forms to the last minute!
These forms can be very time consuming to complete especially if you do not have a dispensation for expenses reimbursed to employees (see separate article). We have prepared a P11D helpsheet highlighting common problem areas and if you would like a copy please contact us.
If you would like help with any of your year end returns or have any queries please do not hesitate to telephone your usual Roffe Swayne contact or one of our tax team.
